Singapore and India collaboration in information technology

10.1163/ej.9789004170643.i-221.7

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Chapter Summary

This chapter outlines the challenges that Singapore as a developmentalist state is facing to sustain economic growth. As a maturing economy, Singapore has to create an external economic wing to ensure its continued economic survival. The Singapore government is encouraging its own government-linked companies (GLCs) to invest overseas, especially in emerging Asian economies. India has a large talent pool and resources, such as land, but poor infrastructure. Singapore has developed excellent infrastructure over the decades, has good systems and management in place. In this regard, both the Singapore and Indian economies complement each other because they could collaborate for their mutual benefit. In the knowledge-driven global economy, India has become synonymous with information technology; especially software exports, and is the favoured destination for business process outsourcing (BPO). The financial sector for both China and India are playing key roles in the growth and development of their respective economies.